Pastor emerged recently as a potential buyer for the team but now joins the long list of would-be Coyotes suitors who claimed to be ready to buy the league-operated team but failed to meet expectations.

Investors with the former Ice Edge Group led by Anthony LeBlanc and Calgary-based financier George Gosbee are believed to be the front-runners to buy the team for $170 million, ESPN reported.

Pastor was reportedly willing to pay up to $277 million for the team, but ESPN reported that if that were true, it would have been unlikely the league would walk away from his offer.

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